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OFIR Releases PSAs Helping Consumers Shop for Auto, Home Insurance
LANSING, MI - August 9, 2011 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR) announced today that it has released radio public service announcements (PSAs) aimed at helping Michigan consumers shop around for more affordable automobile and homeowners insurance rates. The PSAs, which can be heard on radio stations throughout the state, advise Michigan drivers and homeowners to use OFIR resources to help them stretch their insurance dollar.
Michigan Automobile and Home Insurance Consumer Advocate Issues Statement on Supreme Court Decision to...
Michigan, MI - July 12, 2010 - (RealEstateRama) -- Automobile and Home Insurance Consumer Advocate Melvin Butch Hollowell today said he is extremely disappointed by the Michigan Supreme Court's decision to allow insurers to continue using an individual's credit score in setting rates for automobile, home, and other personal lines of insurance.
Michigan Automobile and Home Insurance Consumer Advocate Named as NAIC Consumer Liaison Representative
March 12, 2010 - (RealEstateRama) -- Today, during National Consumer Protection Week, Michigan's Automobile and Home Insurance Consumer Advocate Melvin Butch Hollowell announced he has been appointed by the National Association of Insurance Commissioners (NAIC) to the position of Consumer Liaison Representative. The NAIC has also listed Hollowell in its newly-created Consumer Expert Database
Michigan Automobile and Home Insurance Consumer Advocate Urges Michigan Supreme Court to Ban Use...
October 7, 2009 - (RealEstateRama) -- Michigan's Automobile and Home Insurance Consumer Advocate Melvin Butch Hollowell today urged the Michigan Supreme Court to affirm the state's right to prohibit auto insurance companies from using occupation, education, and credit scores in setting auto insurance rates.
OFIR Challenging All New Home Insurance Filings Based on Credit Scoring
LANSING, MI - April 07, 2009 - (RealEstateRama) — The Office of Financial and Insurance Regulation (OFIR) announced today that all new rate filings by homeowners insurance companies that rely on insurance credit scoring as a factor in determining their discounts are being challenged by the agency. The expansion to all home rate filings using insurance credit scoring is based on the fact that insurance credit scoring is unfairly discriminatory and also does not result in reasonably anticipated reductions in losses or expenses and therefore does not meet the requirements Michigan's Insurance Code.
